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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in South Beach at 887 SE 98th St, South Beach, OR, 97366 generates $3,422/mo in rent, after a $3,426/mo payment. Total monthly income is $3,422/mo. Return on cash invested sits at 15.88% in year one, and rental yield is 5.87% on a $699,900 entry. Equity gained on principal adds $4,516/yr, while 5% annual appreciation builds toward $193,369 over five years. Five-year ROI reaches 80.97% and total cumulative return in cash sums $186,452. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,422/mo property income rather than buyer’s personal income.
Manufactured
Built in 1997
5 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97366, South Beach, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,153 (100%) |
| Owner Occupied HU | 651 (56.5%) |
| Renter Occupied HU | 222 (19.3%) |
| Vacant Housing Units | 280 (24.3%) |
| Median Home Value | $556,564 |
| Average Home Value | $601,644 |
Residential
893
Single Family
868
Multi-Family
25
Businesses
59
Date | Event | Price |
|---|---|---|
| 2025-04-19 | Listed for sale | $699,900 |
| 2021-03-24 | Listing removed | N/A |
| 2020-08-21 | Sold | $285,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-23 | $2740.61 | -0.40% | $203,010 | 2.99% |
| 2022-04-23 | $2751.63 | 88.27% | $197,110 | 88.42% |
| 2021-04-23 | $1461.51 | 5.82% | $104,610 | 3.00% |
Listed by: Brodie Becksted • Equity Plus Real Estate
Mls Name: OCMLS
Mls Provider:
Mls ID: #25-821
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the Oregon Coast Multiple Listing Service (OCMLS). Listing content is copyrighted. Listing data provided is AS IS. All information provided is deemed reliable but is not guaranteed and should be independently verified. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Real estate listings held by member brokerage firms, other than Zillow, Inc., of the OCMLS are marked with the OCMLS logo. Detailed information about these properties includes the names of the member listing brokers and brokerage firms. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. Non-members should contact the listing broker directly for compensation information.
